Nutanix

In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to debt, interest expense related to debt, inducement expense related to the repurchase of convertible senior notes, and other non-recurring transactions and the related tax impact.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by operating activities less purchases of property and equipment.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

Government securities 505,165 505,165 Total measured at fair value $ 351,889 $ 1,301,684 $ $ 1,653,573 Cash 364,330 Total cash, cash equivalents and short-term investments $ 2,017,903 Financial Assets, Non-Current: Convertible note receivable $ $ $ 5,460 $ 5,460 Financial Instruments Not Recorded at Fair Value on a Recurring Basis We report our financial instruments at fair value, with the exception of the 0.25 % convertible senior notes due 2027 (the "2027 Notes") and the 0.50 % convertible senior notes due 2029 (the "2029 Notes") (collectively, the "Notes").

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

The carrying value of the 2029 Notes as of July 31, 2025 and April 30, 2026 was net of unamortized debt issuance costs of $ 15.7 million and $ 13.1 million, respectively.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

D EBT 2027 Notes In September 2021, we issued $ 575.0 million in aggregate principal amount of 0.25 % convertible senior notes due 2027 consisting of (i) approximately $ 477.3 million principal amount of 2027 Notes in exchange for approximately $ 416.5 million principal amount of the previously outstanding 0 % convertible senior notes due 2023 (the " 2023 Notes") and (ii) approximately $ 97.7 million principal amount of 2027 Notes for cash.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

The partial exchange of the 2023 Notes and issuance of the 2027 Notes were deemed to have substantially different terms due to the significant difference between the value of the conversion option immediately prior to and after the exchange, and consequently, the 2023 Notes partial exchange was accounted for as a debt extinguishment.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

Our calculation of ARR is not adjusted for the impact of any known or projected future events (such as customer cancellations, expansion or contraction of existing customers relationships or price increases or decreases) that may cause any subscription contract not to be renewed on its existing terms.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

With Nutanix, organizations can simplify operations for traditional and modern applications, freeing them to focus on business goals.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

Our estimated long-term projected tax rate is subject to change for a variety of reasons, including tax law changes in major jurisdictions in which we operate, changes in our geographic earnings mix, or other changes to our strategy or business operations.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

Other than statements of historical fact, all statements contained in this Quarterly Report on Form 10-Q, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs in light of the information currently available to us.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to debt, interest expense related to debt, inducement expense related to the repurchase of convertible senior notes, and other non-recurring transactions and the related tax impact.

SEC original ↗Nutanix — Earnings release (8-K exhibit)EX-99Nov 25, 2025

The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "plan," "intend," "could," "would," "expect," or words or expressions of similar substance or the negative thereof, that convey uncertainty of future events or outcomes are intended to identify forward-looking statements.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described under the heading "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended July 31, 2025.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026

In light of these risks, uncertainties and assumptions, the forward-looking events and trends discussed in this Quarterly Report on Form 10-Q may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

SEC original ↗Nutanix — 10-Q Quarterly report10-QMay 29, 2026